Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) has earned a consensus rating of “Buy” from the ten research firms that are presently covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have covered the stock in the last year is C$51.00.
Several analysts have recently commented on the company. CIBC raised their target price on Pembina Pipeline from C$50.00 to C$51.00 in a research note on Thursday, January 11th. National Bank Financial raised their target price on Pembina Pipeline from C$50.00 to C$51.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. TD Securities raised their price target on shares of Pembina Pipeline from C$52.00 to C$53.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Scotiabank raised their price target on shares of Pembina Pipeline from C$49.00 to C$50.00 and gave the company an “outperform” rating in a research report on Wednesday, October 4th. Finally, JPMorgan Chase & Co. raised their price target on shares of Pembina Pipeline from C$52.00 to C$53.00 in a research report on Tuesday, September 26th.
In other news, Director Bruce D. Rubin bought 5,000 shares of the company’s stock in a transaction on Friday, January 12th. The shares were purchased at an average price of C$35.37 per share, with a total value of C$176,850.00. Also, Director Henry William Sykes bought 1,000 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were purchased at an average cost of C$44.79 per share, for a total transaction of C$44,790.00. In the last ninety days, insiders purchased 8,500 shares of company stock worth $334,311.
Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its earnings results on Thursday, November 2nd. The company reported C$0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.37 by C($0.15). Pembina Pipeline had a net margin of 10.28% and a return on equity of 6.24%.
The firm also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, January 25th will be given a $0.18 dividend. The ex-dividend date is Wednesday, January 24th. This represents a $2.16 annualized dividend and a yield of 4.94%. Pembina Pipeline’s payout ratio is 157.14%.
Pembina Pipeline Company Profile
Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.
Receive News & Ratings for Pembina Pipeline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pembina Pipeline and related companies with MarketBeat.com's FREE daily email newsletter.